Egyptian Warehousing Platform Khazenly Secures $2.5 Million Seed Funding

The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, driven by the increasing number of younger shoppers and rising incomes. Local merchants play a crucial role in driving this growth, but they often face logistical and operational challenges that hinder their expansion. This is where new startups in Egypt are finding opportunity.

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Khazenly: A Digital Warehousing and Fulfillment Platform

One such startup is Khazenly, founded in mid-2021 by Mohamed Younes, Osama Aljammali, Mohamed Montasser, and Ahmed Dewidar. The company has just announced that it has raised $2.5 million in seed funding.

A Solution for Small and Medium-Sized Merchants

Khazenly is an on-demand digital warehousing and fulfillment management platform that provides an omnichannel solution to help merchants digitize their businesses. According to its CEO, Mohamed Younes, the company solves fulfillment issues for small and medium-sized merchants who focus on business and consumers. These merchants often lack the resources to rent a large warehouse or engage in manual order processing.

How Khazenly Works

Khazenly uses artificial intelligence (AI) and data analytics to optimize inventory management, predict demand, and streamline logistics. The platform allows merchants to manage their entire supply chain, from procurement to delivery, through a single interface. This enables them to focus on growing their business while leaving the complexities of fulfillment to Khazenly.

Expansion Plans

The investment will be used to quadruple the company’s facilities as it follows a roadmap of building more AI and data-driven products and expanding geographically. According to Younis, the proceeds from the investment will also enable Khazenly to continue developing its portfolio of data-driven products, including mobile dark stores.

A Growing Market for E-commerce Fulfillment

The e-commerce market in Egypt is growing rapidly, driven by increasing internet penetration and a rising middle class. The country’s logistics and transportation infrastructure are improving, making it easier for merchants to deliver goods to customers across the region.

Conclusion

Khazenly’s digital warehousing and fulfillment platform is well-positioned to capitalize on the growth of e-commerce in Egypt. By providing an omnichannel solution that leverages AI and data analytics, the company can help small and medium-sized merchants overcome logistical challenges and expand their business. With a growing market and increasing demand for efficient logistics solutions, Khazenly’s expansion plans are likely to be met with enthusiasm from both investors and customers.

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